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201 N Normandie Ave
Los Angeles, CA 90004
18 UNITS-INCREDIBLE 6% CAP RATE FROM DAY 1 · Multifamily Property For Sale
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18 Units
Investment Highlights
- Fully renovated 18 Unit building in Prime Koreatown with permits in Prime Koreatown.
- Easy To Rent Unit Mix consisting of 18 (1bed/1bath) units.
- Fully Approved plans to add 2 detached ADU's in the garages.
- Incredible 6.5% Cap Rate and 12.03 GRM from Day 1!
- Individually metered for Gas & Electricity.
Property Facts
| No. Units | 18 | Building Size | 10,066 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1923/2023 |
| Building Class | B | Parking Ratio | 0.46/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3 - Restricted Density Multiple Dwelling | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 10,066 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2023 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | R3 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Framed Mirrors
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
Property Taxes
| Parcel Number | 5518-004-008 | Improvements Assessment | $343,279 |
| Land Assessment | $2,334,657 | Total Assessment | $2,677,936 |
Property Taxes
Parcel Number
5518-004-008
Land Assessment
$2,334,657
Improvements Assessment
$343,279
Total Assessment
$2,677,936
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